article thumbnail

73.6% of all Statistics are Made Up

Both Sides of the Table

Often when they do I throw out my favorite statistic: 73.6% of all statistics are made up. One of our core tasks was “market analysis,&# which consistent of: market sizing, market forecasts, competitive analysis and then instructing customers on which direction to take. People throw them around at cocktail parties.

article thumbnail

Esri Wins UAE

socalTECH

Redland-based geographical information systems (GIS) software maker Esri announced this morning that it has entered into a memorandum of understanding (MOU), with the national statistics agency for the United Arab Emirates. According to Esri, the MOU came with the UAE's Federal Competitiveness and Statistics Authority (FCSA).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Is it YOU or your great plan?

Berkonomics

Here’s a test: Several weeks ago, we published statistics of start-up and company failures. If you read that analysis of statistics for startups and early-stage businesses, you have learned the truth that at least half of the businesses backed by professional early-stage investors will die within three years or less.

article thumbnail

6 Keys To Predicting The Performance Of Your Business

Startup Professionals Musings

Key strategic factors for every business should include profits, growth, and competition. An acceptable measurement error is really a statistical calculation, rather than an arbitrary dictate from management. Use statistical tools often to validate your assumptions. Accurate measurement of the wrong things is not helpful.

Metrics 81
article thumbnail

6 Information Surges Raise Huge Startup Opportunities

Startup Professionals Musings

Surdak emphasizes that the goal is to either mitigate some of the pressure caused by data growth or to put that pressure to work for you in growing your startup and remaining competitive: Focus: play to your strengths. Startups should seek to continually improve performance through statistical analysis and predictive monitoring.

Startup 126
article thumbnail

Which is more important: Management quality or a better plan?

Berkonomics

If you read last week’s analysis of statistics for startups and early stage businesses, you have learned the truth that at least half of the businesses backed by professional early stage investors will die within three years or less. None of this is to say that an inexperienced entrepreneur cannot lead a great new business.

article thumbnail

How big is your ocean? A lesson in TAM, SAM & SOM

Berkonomics

Some even quote the total available market (TAM) which includes market statistics for an entire niche – for products or services far removed from yours, but perhaps from the same customer base. Be sure you can back up your claim with some form of research, then work to perfect the differentiation you offer against the competition.

.Net 156